Expert Warns Risks Stem from Oversupply of Vacation Homes in Cambodia
During the past few years, the trend of building vacation homes for sale has gained popularity, in particular at tourist attractions such as Bokor Mountain, Kampot and Kirirom. However, a real estate expert has warned that oversupply of this type of property can cause financial risks among developers given the overall economic conditions, limited average […]
Read More
10 Speed Cameras Along NR3 Begin Operation
Ten speed cameras along NR3 have been put into use to monitor and protect the safety of people driving on the road, according to a senior official of the Ministry of Public Works and Transport (MPWT). During the site inspection on 15 December, Secretary of State of MPWT HE Kan Manae said this is the […]
Read More
World Bank Highlights Three Drivers for Better Rural Livelihoods in Cambodia
The World Bank recently stated that land rights, basic infrastructure and livelihood skills are the three major drivers for rural development in Cambodia. The World Bank has thus far cooperated with the Ministry of Land Management, Urban Planning and Construction, pushing the three drivers through the well-known Land Allocation for Social and Economic Development Project […]
Read More
ERA Cambodia Officially Inaugurates New Headquarters in Phnom Penh
ERA Cambodia, one of Cambodia’s leading real estate companies, has recently inaugurated its new international-standard headquarters, which will serve as a One-Stop Service for clients, real estate agents, and property developers. The new office is equipped with modern facilities such as a reception zone, real estate showrooms, meeting and training rooms, meeting rooms, among others. […]
Read More
Japan to Provide US$13.9 million Grant Aid to Upgrade Sihanoukville Deep Seaport
The Japanese government will provide some US$13.9 million in grant aid to Cambodia, contributing to the development of the Sihanoukville deep seaport. The agreement of the grant aid will be signed on 16 December by Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E Prak Sokhonn and Japanese Ambassador to Cambodia HE […]
Read More
Private Firm to Build New Eco-Tourism Port in SHV’s Prey Nob District
The Sihanoukville provincial administration has given the green light to a private firm to develop a new eco-tourism port in the Prey Nup district, aimed at expanding the province’s tourism potential. According to the site inspection by Sihanoukville Governor HE Kouch Chamroeun on Tuesday 14 December, the port will be a small-scale structure so that […]
Read More
ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport. The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank. The bond is […]
Read More
PM Hun Sen Officially Inaugurates US$180-million Hyatt Regency Phnom Penh
The US$180-million Hyatt Regency Phnom Penh invested in by Chip Mong Group was officially inaugurated in the presence of Prime Minister Samdech Hun Sen on Wednesday 15 December. During the ceremony, PM Hun Sen said that this five-star hotel is another achievement for the whole Cambodian society, not just for Chip Mong Group. The hotel […]
Read More
Gov’t Plans New Financing Program for Hotel Businesses to Renovate Their Venues
The Ministry of Economy and Finance plans to provide additional financing packages to tourism and hotel operators so that they can use the capital to rehabilitate, renovate or expand their venues during the reopening period. Speaking at a press conference on 14 December, HE Phan Phalla, Secretary of State of the Ministry of Economy and […]
Read More
Affordable Housing Projects to Gain More Momentum in 2022, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has projected that the borey market will remain strong in 2022 and at least for the next 5-10 years, citing low to mid-range types will be in high demand . Dr Kim Heang said boreys that are in strong demand will be those priced […]
Read More
Expert: Divided Land Plot Business Prone to Collapsing if No Change in Developing Method
Real estate expert and President of KW Cambodia Dr Kim Heang has warned that some divided land plot businesses in Cambodia or known as “Dey Lo” are prone to collapsing in the next two or three years if the developers do not upgrade or change their development methods. Dr Kim said recently that the trend […]
Read More
Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended Beyond 2021
The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued beyond 2021, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic. The announcement was made by HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, in a press […]
Read More